Majority shareholder Tata Group is in talks with fellow shareholder Telestra Tradeplace to buy significant additional equity in startup low-cost carrier (LCC) AirAsia India. Tata Group already has a 30% shareholding, with the AirAsia Bhd parent group holding 49%. Telestra Tradeplace holds the remaining 21%. Telestra Tradeplace CEO Arun Bhatia has been reported as looking to sell the company’s 21% stake in the airline. If Tata took all of Telestra Tradeplace’s equity, this ...

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